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Columbia Floating Rate Inst CFRZX

Analyst rating as of
NAV / 1-Day Return
33.04  /  0.00 %
Total Assets
848.5 Mil
Adj. Expense Ratio
0.780%
Expense Ratio
0.780%
Fee Level
Above Average
Longest Manager Tenure
3.82 years
Category
Bank Loan
Credit Quality / Interest Rate Sensitivity
Low / Limited
Min. Initial Investment
2,000
Status
Open
TTM Yield
4.27%
Effective Duration
0.21 years

Morningstar’s Fund Analysis CFRZX

Will CFRZX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Stabilizing.

Senior Analyst

Summary

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Columbia Floating Rate has experienced a revolving door of portfolio managers since 2018. This team implements a structured, robust process of credit risk management and portfolio construction, but given the newness of the management team, it doesn’t have a track record of executing the process. The strategy retains its Average People and Process Pillar ratings and its Morningstar Analyst Rating of Neutral across most share classes, though its expensive C shares retain a Negative rating.

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